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The tax for compensatory payments on individual work contract termination for management has recovered, for private sector, to 16%. After the publication, in Official Monitor no. 620/4.10.2013, of the law for approving Government Emergency Ordinance 55/2013, the provisions of Article II of the above emergency ordinance are repealed.

The Article II of GEO 55/2013 had specified a rate income tax of 85% for revenues, salaries / compensation / compensatory amounts at termination of employment of management. From now, the tax rate of 85% shall be applied only for to the amounts received by members of the Financial Supervision Authority Board.

Smartree Romania, the HR outsourcing services market leader, with an yearly turnover of 14 million euros, has named Anamaria Borza […] The post Changes in Smartree’s top management team: Anamaria Borza is the new head of the Operational Departament and Eduard Pinzariu is the new Chief Technology Officer appeared first on Smartree, Strategic HR Partner.

Given the nature of its business, Smartree has always been concerned with security issues and has implemented data back-up and […] The post Smartree lays out changes to comply with EU privacy law GDPR appeared first on Smartree, Strategic HR Partner.

The value of bonuses received by employees in the private sector has decreased by 68 percent in the first quarter […] The post Smartree Study: Value of bonuses in private sector up by 68 pct in Q1 2018, wages down by 13 pct appeared first on Smartree, Strategic HR Partner.

According to a Smartree analysis, one of the local leaders in the HR outsourcing market, Romania is recording a 5% […] The post Smartree Analysis: In Romania, the average gender pay gap is 5%, below the EU average appeared first on Smartree, Strategic HR Partner.